Ceyhan Terminal Hizmetleri Embarks on Greenfield Project with Global Legal Support
Deal News | May 22, 2025 | CEE Legal Matters
Dentons and its Turkish affiliate BASEAK have advised Ceyhan Terminal Hizmetleri, a joint venture between Ronesans Holding and Stolthaven Terminals, on the construction, development, and financing of a greenfield terminal in Ceyhan, Turkiye. The terminal will initially support the propane dehydrogenation and polypropylene production facility developed by Ceyhan Polipropilen Uretim and is expected to be operational by early 2028. Financing of the project is provided by ING Bank, Banco Bilbao Vizcaya Argentaria, and Turkiye Vakiflar Bankasi. Clifford Chance and its Turkish affiliate CE Partners have reportedly advised the banks. The legal teams involved comprised partners and counsels from various international offices, indicating a significant collaboration on this infrastructure project set to bolster Turkiye's petrochemical industry.
Sectors
- Legal Services
- Banking and Financial Services
- Petrochemical Industry
Geography
- Turkiye – The terminal project is situated in Ceyhan, Turkiye, and involves local and international companies.
Industry
- Legal Services – The article mentions multiple law firms involved in advising on the terminal project.
- Banking and Financial Services – Financing for the project is provided by banks ING, BBVA, and Turkiye Vakiflar Bankasi.
- Petrochemical Industry – The terminal project is intended to support petrochemical production in the Ceyhan Petrochemical Industrial Zone.
Financials
- Not Specified – The exact financial figures related to the project financing were not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ceyhan Terminal Hizmetleri | Target | Company | A joint venture between Ronesans Holding and Stolthaven Terminals, developing a terminal in Ceyhan. |
| Ronesans Holding | Joint Venture Partner | Company | A company part of the joint venture developing the terminal. |
| Stolthaven Terminals | Joint Venture Partner | Company | A company part of the joint venture developing the terminal. |
| Dentons | Legal Advisor | Company | Global law firm advising Ceyhan Terminal Hizmetleri on the terminal project. |
| BASEAK | Legal Advisor | Company | Turkish affiliate of Dentons involved in advising on the terminal project. |
| Clifford Chance | Legal Advisor to Lenders | Company | Provided legal advice to the banks financing the project. |
| CE Partners | Legal Advisor to Lenders | Company | Turkish affiliate of Clifford Chance. |
| ING Bank | Lender | Company | Bank providing financing for the terminal project. |
| Banco Bilbao Vizcaya Argentaria (BBVA) | Lender | Company | Bank providing financing for the terminal project. |
| Turkiye Vakiflar Bankasi | Lender | Company | Bank providing financing for the terminal project. |